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Dec 28, 2012
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a number of companies will, you know, dive over the fiscal cliff, and i'm tired of the "fiscal cliff" term, pardon me, it's a manmade term, the fc, whatever happens january 1st. here's why they get sales from government contracts. that's the deal. it's not just the lockheed martins of the world. you'll see in here, humana, other health care companies, of course, medical device companies hit with the tax, but they have striker, for example, and there's a lot of sales from government contracts. you'll see in here, look at that, motorola, holdings in and waste management companies like waste management and republic services, ashley. ashley: what are the stock prices on the companies, iz? >> good point. goldman sachs warned since 2011 when that debt ceiling crisis hit in the summer of 2011 that triggered the fiscal cliff learning that the companies could under perform, but there's another wall street player, and that's fidelity saying watch for the banks, not just because they are under pressure as they track the general economy, but it's because business capital spending is down as of th
a number of companies will, you know, dive over the fiscal cliff, and i'm tired of the "fiscal cliff" term, pardon me, it's a manmade term, the fc, whatever happens january 1st. here's why they get sales from government contracts. that's the deal. it's not just the lockheed martins of the world. you'll see in here, humana, other health care companies, of course, medical device companies hit with the tax, but they have striker, for example, and there's a lot of sales from government...
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Dec 28, 2012
12/12
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but first, the latest developments on the fiscal cliff. gary nurenberg joins me with the latest as we actually just heard from president obama. >> after a long meeting the president came out to say he is still optimistic that a deal can be done reminding the country that we are only now three days away from the point where everyone's taxes go up and huge spending cuts kick in, saying that would be wrong for the economy and wrong for the country. the president said he is urging the senate leaders, reid and mcconnell to come back to him with a plan by sunday. he says if they're unable to do that, then he is demanding that his backup proposal from last week allowing tax rates to rise for those making $250,000 and extending unemployment we was for 2 million jobless americans whose benefits will run out on january 1st, he wants that proposal to go to the house and the senate, the senate first, and demands an up or down vote. >> if you can get a majority in the house and a majority in the senate, then we should be able to pass a bill. so the ame
but first, the latest developments on the fiscal cliff. gary nurenberg joins me with the latest as we actually just heard from president obama. >> after a long meeting the president came out to say he is still optimistic that a deal can be done reminding the country that we are only now three days away from the point where everyone's taxes go up and huge spending cuts kick in, saying that would be wrong for the economy and wrong for the country. the president said he is urging the senate...
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adam: to avert a fiscal cliff we have to go over tte fiscal cliff. the question is if the senate passes the deal and i that the house will pass the deal. we received a statement from the speaker of the house, john boehner. i want to read this for you word for word coming from leadership on the senate agreement. the house will honor its commitment to sue the senate agreement if it is passed. decisions about whether the house will seek to except a measure will be made when house members and the american people of babel to review the legislation. we have been talking about the legislation but with rich edson standing by live once again to explain to us what is at stake and what is to be considered. rich: good evening, adam. the number of different items in state tuition ongoing as to when exactly the senate will pass up. see how much this thing cost, say they have enough votes to get this through although joe biden says he is confident, feels pretty good this vote will end up his way. the deal he negotiate with mitch mcconnell and basically preserves cu
adam: to avert a fiscal cliff we have to go over tte fiscal cliff. the question is if the senate passes the deal and i that the house will pass the deal. we received a statement from the speaker of the house, john boehner. i want to read this for you word for word coming from leadership on the senate agreement. the house will honor its commitment to sue the senate agreement if it is passed. decisions about whether the house will seek to except a measure will be made when house members and the...
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Dec 31, 2012
12/12
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>> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a dollar that does not come out of the economy. but i think it is probably reason to consider. talking about what brian was talking about at the top of the show here. 1%, maybe 1.5% drag on growth of anything decided from the fiscal cliff anyway. >> and it depends on what you buy. i hear what you're saying with, steve and it is important to dive in. when you get a dollar you probably spend more than the dollar, right? they have shown that. that is the greatest multiplier. let's be clear on what that is on. necessities, food, clothing, which is needed. and on taxes, and there is not a lot of sympathy, but if you are a boat maker, high-end hom
>> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a dollar that does not come out of the...
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Dec 30, 2012
12/12
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over the fiscal cliff. what will happen? and how will it affect you? ♪ ♪ >> we'll be working hard to try to see if we can get there in the next 24 hours and so, i'm hopeful and optimistic. >> whatever we come up with will be imperfect and some people will not like it and some people will like it less but that is where we are. >> chris: the two senate leaders, mitch mcconnell and harry reid on the last-ditch effort to put together a deal to avoid the fiscal cliff and it is time now for our sunday group, bill kristol of the weekly standard, former democratic senator evan byah and byron york from the washington examiner and kirsten powers of the daily beast web site. you heard mitch mcconnell say he's hopeful and optimistic. will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do
over the fiscal cliff. what will happen? and how will it affect you? ♪ ♪ >> we'll be working hard to try to see if we can get there in the next 24 hours and so, i'm hopeful and optimistic. >> whatever we come up with will be imperfect and some people will not like it and some people will like it less but that is where we are. >> chris: the two senate leaders, mitch mcconnell and harry reid on the last-ditch effort to put together a deal to avoid the...
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Dec 29, 2012
12/12
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cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks with congressional leaders at the white house. the president says he is hopeful a deal can be reached in order to avoid automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator mcconnell, senator reid start off on this package, but doesn't that eliminate a big player in this, which is john boehner, if this has to get passed through the house? >> certainly and he's been talking with the speaker all along. i think he's basically saying the house is really at an impasse. i don't think they can pass it on their own, but if there's a bipartisan deal that senate republicans and senate democrats can pass, the speaker's office indicated they may bring it up in the house even if they only get 1/3 or 1/2 of the republicans,
cliff -- away from reaching the fiscal cliff. this afternoon president obama held talks with congressional leaders at the white house. the president says he is hopeful a deal can be reached in order to avoid automatic tax increases and spending cuts come january 1st. senator harry reid and mitch mcconnell are trying to hammer out a deal the house might approve, but the house is ticking. joining us now are our political strategists. brendan, the president today said is he going to have senator...
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Jan 1, 2013
01/13
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we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600 billion over the next ten years this is how senate leaders of both sides of the aisle are assessing the measure. >> i have said all along, the most important priority is protecting middle class families. >> this suhouldn't be the model for how we do things. but we can say we've done some good for the country. >> bush era tax cuts will remain in place for individuals earning less than 400,000, couples earning less than 450,000. unemployment benefits for 2 million americans would be extended for a year. the alternative minimum tax perma
we're actually over the fiscal cliff. so, now it's up to the republican-controlled house to pull us back. here's what happened while you were sleeping, or sleeping or dg else. a deal crafted by vice president joe biden and minority leader mitch mcconnell passed the senate by a margin of 89-8. that vote wrapped up after 2:00 a.m. eastern time. the house takes up this plan later on this morning. no telling on how that will turn out if the house approves, the deal will estimate a generated $600...
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Dec 29, 2012
12/12
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well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committee chairwoman pushing for a short-term extension to avert the cliff. but if that does not happen, no prices -- milk prices to go up to $8 per gallon. the supermarket group on how this is going to turn consumers soured. you bet that would. that's about double. >> it is about double. it will increase, hopefully not. you are between three and $4 a gallon. it is not just about melt. this is a food cliff. we talk about the financial cliff. keep in mind, we're
well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year...
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Dec 31, 2012
12/12
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jimmy, let's start with the fiscal cliff. >> fiscal cliff. >> we're hearing about a strange marriage between minority leader mitch mcconnell and the vice president. why is the senate's top republican having to go to the white house for help with democrats? >> well, i mean, they have been running around saying we want the president to lead, we need the president to show leadership. john mccain just went to the show and said the president needs to show leadership. does he think the vice president's office somehow got moved away from the executive branch? i'm pretty sure the president via his vice president is leading. if that's the case, it sounds to me like they don't like what he's leading with. >> you said via. he hasn't built the relationships with members of his own party or the other party. so, yes, it makes sense that vice president biden is brought in because he still has relationships with people on the hill. >> but, susan, another issue here, and that is mcconnell having to go to biden because he's learned he can't depend on boehner to help him. >> well, i think -- >> no? stu
jimmy, let's start with the fiscal cliff. >> fiscal cliff. >> we're hearing about a strange marriage between minority leader mitch mcconnell and the vice president. why is the senate's top republican having to go to the white house for help with democrats? >> well, i mean, they have been running around saying we want the president to lead, we need the president to show leadership. john mccain just went to the show and said the president needs to show leadership. does he think...
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Dec 29, 2012
12/12
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>> it is, and we're talking about the fiscal cliff. we are really dealing with is the fiscal fraud. we fell off the cliff along time ago. we are in the best, $16 trillion in debt. a debt our children and grandchildren will never be able to pay off, a total fraud, not dealing with spending, and unless they do we are not going to fix the problems is a country is facing. tom: same point, i mean, is this something that will start tuesday or have businesses and individuals already started be having different because of the fact that this whole process was coming up in addition to what the congressman was talking about? >> certainly was tree has been reacting to this, but i very much disagree about the causes. that is when we extended tax cuts do so wealthy idividuals in 2001 and three did not need them and then we saw an incredible decrease in revenue as a reslt of wal street tanking our eonomy in the 2008 economic downturn. it's not an issue so much of expanding -- expanded spending. spending is not a control. what is appening isrevenue has declined. we need to not only increase the rev
>> it is, and we're talking about the fiscal cliff. we are really dealing with is the fiscal fraud. we fell off the cliff along time ago. we are in the best, $16 trillion in debt. a debt our children and grandchildren will never be able to pay off, a total fraud, not dealing with spending, and unless they do we are not going to fix the problems is a country is facing. tom: same point, i mean, is this something that will start tuesday or have businesses and individuals already started be...
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Dec 29, 2012
12/12
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well, forget the fiscal cliff. washington might be sending cows off a cliff. ♪ this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just gotblacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guessam on the naughty list again? ho ho ho! pizza hut's $10 any pizza on deal is back.ist again? any pizza, toppings, sis. ...ten bucks. the meat lover's pizza. ...ten bucks. delivery, dine in or carry. ...out of this world pizza. pizza hut's $10 any pizza deal is back. now, that's how you make it great. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that is going on. the senate agricultural committ
well, forget the fiscal cliff. washington might be sending cows off a cliff. ♪ this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just gotblacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet?...
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Dec 29, 2012
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i wish we could take -- >> no, they were on the fiscal cliff. >> the fiscal cliff guys and it says -- >> no, they're the best lobbiests i've seen. it showed that the democratic party of that day were pretty much k were copperheads. they were playing ball with the war ending saying that they could let the south keep slavery. >> right. and you know everything didn't really change until the so-called southern strategy. i had to keep doing back flips in my mind whenever parties were mentioned. one party seemed sto stand for one thing, the complete opposite of what it stands for now. >> well, the republican party picked up the dixiecrats. they played that game. here's ben affleck in 1980 by preten pretending to be producing a hollywood movie. >> you've got six people highing out in a town. you want to set up a movie in a week. you want to lie to hollywood, a town where everybody lies for a living, and theb ythen you're going to sneak a 007 and then you're going going to walk the bradybunch out of the most watched city in the world. >> that's right. >> right. look, i've got to tell you. we
i wish we could take -- >> no, they were on the fiscal cliff. >> the fiscal cliff guys and it says -- >> no, they're the best lobbiests i've seen. it showed that the democratic party of that day were pretty much k were copperheads. they were playing ball with the war ending saying that they could let the south keep slavery. >> right. and you know everything didn't really change until the so-called southern strategy. i had to keep doing back flips in my mind whenever...
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Dec 31, 2012
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america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time. >> the vice president and i have worked together on solutions before and i believe we can again. >> no holiday for the best political team around. a triple threat, luke russert and mike viqueira on the capitol hill and kristen welker from the white house. are you happy to be working on the holiday? >> it's fantastic. >> absolutely. >> so
america staring down the fiscal cliff. t-minus nine hours and counting and washington is wasting no time. senate minority leader mcconnell saying both sides are close to a deal. it's about time. >> my preference would have been to solve all these problems in the context of a larger agreement, a bigger deal, a grand bargain. whatever you want to call it. that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope...
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Jan 1, 2013
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fiscal cliff negotiations for throwing a wrench in expanding his franchise. he started a business and now has about 50 employees. >> i'm just frustrated and i'm angry and i just want to move on and grow our business and help to support the economy and all of the people that we employ. but instead we're just on hold here. >> reporter: with so many sectors of the economy bracing for financial pain, patience has worn thin. >> this whole fiscal cliff mess shows how incredibly out of touch you are with the way people really live in this country. you are off in la la land and everyone is saying how you're acting like a bunch of spoiled brat who is are r more interested in being right than in doing the the right thing and representing the people who elected you. >> reporter: mary snow, cnn, new york. >>> i'm joe johns. thanks for joining us. cnn newsroom continues now with ashlee banfield. >> we went over the fiscal cliff. yep at midnight and then just a couple hours later, the senate came up with a solution. now it's off to the house. the house has to sign off. the
fiscal cliff negotiations for throwing a wrench in expanding his franchise. he started a business and now has about 50 employees. >> i'm just frustrated and i'm angry and i just want to move on and grow our business and help to support the economy and all of the people that we employ. but instead we're just on hold here. >> reporter: with so many sectors of the economy bracing for financial pain, patience has worn thin. >> this whole fiscal cliff mess shows how incredibly out...
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Dec 27, 2012
12/12
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the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap this year in the s&p 500 over $1 trillion. >> right. >> that's more than the cliff. >> let me go to my facebook friend michael carr. you speak washington ese. the house is convening. the president is -- >> doesn't it just make you sick? >> the were inthing you want to watch is eachon javers. i thought it was a perfect graphic. it's fabulous. you can't make it up. >> what do you do when you don't know what's going to happen, and you really don't. if you can get the debt limit thing right and guess how it's going to turn out or guess that it's actually going to d
the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap...
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Dec 31, 2012
12/12
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fiscal cliff armageddon. no escaping it. the no escaping it. the country waits for action which could come tonight with a vote in the senate, but nothing, nothing has been scheduled and the house won't be able to act until later this week. joining me now is democratic congressman jason altmire from pennsylvania. sir, we appreciate you being here. i appreciate you will be leaving congress. you will not be able to vote on whatever is finally presented but i'm curious, does the senate deal have the potential if it gets through the senate to pass the house? >> i think it is going to pass the house. as i understand the parameters of the deal, the house i think would get a majority vote, probably substantial majority. i think it will pass the senate. it might still happen not tonight but tomorrow. that would still be the current session of congress. we're not getting a bill to the president tonight just because of the logistics of drafting the bill, presenting it to the senate and bringing it to the house but i think we'll get it done tomorrow. so we
fiscal cliff armageddon. no escaping it. the no escaping it. the country waits for action which could come tonight with a vote in the senate, but nothing, nothing has been scheduled and the house won't be able to act until later this week. joining me now is democratic congressman jason altmire from pennsylvania. sir, we appreciate you being here. i appreciate you will be leaving congress. you will not be able to vote on whatever is finally presented but i'm curious, does the senate deal have...
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Dec 29, 2012
12/12
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gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> port: thpresident declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first, but he
gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan...
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Dec 31, 2012
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this would clear the way for a vote on a possible fiscal cliff bill. no time has been set for house votes. live coverage on c-span. according to senate majority leader reid on sunday, there are still "significant distance between the two sides on the fiscal cliff." they're back on monday at 11:00 a.m. eastern with roll call votes possible. live coverage on c-span 2. >> you think of washington in 1835, 25 years before the civil war, you know what would you think? you would think, wow, slavery was well entrenched. the black people were miserable. the whites were kind of cruel and indifferent. that's actually not true at all. in washington, in washington, they had about 30,000 people then as a city, 12,000 of them were black. the majority of the black people in washington actually in 1830 were free, were not slaves out of the 12,000 black people, slightly more than half were free. >> what led to washington, d.c.'s first race riots in 1835 and what part did francis scott key play. jefferson morley recounts the almost forgotten chapter in american history i
this would clear the way for a vote on a possible fiscal cliff bill. no time has been set for house votes. live coverage on c-span. according to senate majority leader reid on sunday, there are still "significant distance between the two sides on the fiscal cliff." they're back on monday at 11:00 a.m. eastern with roll call votes possible. live coverage on c-span 2. >> you think of washington in 1835, 25 years before the civil war, you know what would you think? you would think,...
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Dec 31, 2012
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this would clear the way for a vote on a possible fiscal cliff bill. according to the senate majority leader reid, there is still significant distance between the two sides on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more than 300 members of the u.k. youth parliament ages 11 to 18 gathered in the british house of commons for their annual debate. their students discussed five topics considered for the national campaign. these included public transportation costs, marriage equality, and others. the speaker of the house presided over the morning and afternoon sessions. such a calm and orderly chamber. [laughter] [inaudible] not together accustomed. it's the the forted meeting the u.k. youth parliament in the house of commons, and i want to underline just how hugely welcome you are by parliame
this would clear the way for a vote on a possible fiscal cliff bill. according to the senate majority leader reid, there is still significant distance between the two sides on the fiscal cliff. they are back on monday with roll call votes. live senate coverage on c-span 2. tomorrow on "washington journal," we are joined by the president of the committee for responsible federal budget. followed by the future of operations. washington journal is live at 7:00 a.m. eastern on c-span. more...
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Dec 29, 2012
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well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff.nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could be professional athlete. or it could be you. studies show, the earlier we get to kids, the better their chances. so become a united way volunteer reader, tutor or mentor. make a difference in the life of a child. for the life of that child. give. advocate. volunteer. live. united. join your favorite nfl players. take the pledge. go to unitedway.org. ♪ tom: washington still fighting over the debt deal. farmers are worried about dairy deal. the farm bill is set to expire at the end of the year along with everything else that i
well, forget the fiscal cliff. washington might be sending cows washington might be sending cows off a cliff.nfc, afc, offensive lineman, defensive tackles, quarterbacks and cornerbacks are all working with united way. for a million little reasons. the kids of our communities. to ensure their academic success, all the way to graduation day. it takes about 12 years to create a graduate. it takes the same time to create a dropout. and the difference between a kid becoming one or the other could...
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Dec 27, 2012
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caller: there is no fiscal cliff. nobody said what the actual fiscal cliff is. to try topoinloy confuse the american people. nobody has ever told us what the fiscal cliff means. it does not mean anything. it is all a plou. host: jack in montana, your on the air. caller: hi. i wanted to say that we just got an announcement -- i have a small business on the side, but i also am employed by a large employer. we got an announcement yesterday that they are going to raise our withholding rates and social security withholding. it is going to cost the average person a lot of money. i don't think there's any doubt that the fiscal cliff is bad. host: what did your notice say? caller: it said that tax tables will be used for 2013 and that you can expect that your check will be greatly impacted by the increased taxes and social security withholding. host: who do you work for? caller: the state of montana. host: david in pasadena, maryland. caller: good morning. i think if you change the name, it might give a better perspective. it should be called the bush giveaway fiscal cl
caller: there is no fiscal cliff. nobody said what the actual fiscal cliff is. to try topoinloy confuse the american people. nobody has ever told us what the fiscal cliff means. it does not mean anything. it is all a plou. host: jack in montana, your on the air. caller: hi. i wanted to say that we just got an announcement -- i have a small business on the side, but i also am employed by a large employer. we got an announcement yesterday that they are going to raise our withholding rates and...
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Dec 28, 2012
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host: what led to the fiscal cliff? guest: the fiscal cliff is the combination of a bunch of different tax and spending decisions made by washington, dating back over the past 12 years. we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for
host: what led to the fiscal cliff? guest: the fiscal cliff is the combination of a bunch of different tax and spending decisions made by washington, dating back over the past 12 years. we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two...
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Dec 30, 2012
12/12
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. >> to avoid the fiscal cliff -- >> if we go over the fiscal cliff -- >> try to avert the fiscal cliff. >> the clock ticks down to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>> from the david petraeus scandal to the trayvon martin tragedy. the media's performance in 2012, we'll have a report card. i'm howard kurtz and this is "reliable sources." >>> it was a striking moment when david gregory brandished that high ammunition magazine last sunday so much so we played it on this program. but that braumpted a d.c. police whether he violated the city's gun laws, one controversy that they fuind under assault. and eric who blogs about the media for "washington post." simple question, eric, should david gregory be prosecuted? >> well, i think he should be investigated. i'll leave that up to the prosecutors. but i definitely do believe unli
. >> to avoid the fiscal cliff -- >> if we go over the fiscal cliff -- >> try to avert the fiscal cliff. >> the clock ticks down to the so-called fiscal cliff. >> closer than ever going over the fiscal cliff. >> the fiscal cliff negotiations are going no where. >> president obama may not have gotten a fiscal cliff deal, but keeping up the media pressure this sunday morning with an interview op"meet the press." we'll take a look. >>>...
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Dec 29, 2012
12/12
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gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the president declared himself modestly optimistic congress could still reach an agreement to head off huge tax hikes on january first b
gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan...
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Dec 26, 2012
12/12
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now it's the fiscal cliff. and whether or not across the board cuts should be made to all kinds of services and programs because the super committee couldn't do what it was supposed to do. this doesn't help trying to put the country forward, put americans back to work, reestablish our prominence around the country and the world as the great nation we are. we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are demanding it. >> something you'd like to see action on, mayors against illegal guns, there seems to be this push towards that. mr. biden has his own commission regarding it, but there is a worry amongst some folks once time passes, once we get past the state of the union, this could fizzle out. knowing how much gun control has talked about -- >> not going to happen. >> why not? why is it going to stay a pertinent part of the conversation in the public going forward? >> i think the public has been shocked and their conscience ha
now it's the fiscal cliff. and whether or not across the board cuts should be made to all kinds of services and programs because the super committee couldn't do what it was supposed to do. this doesn't help trying to put the country forward, put americans back to work, reestablish our prominence around the country and the world as the great nation we are. we need to see much more business and action out of washington. the cities require it, mayors need it, more importantly, americans are...
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Dec 29, 2012
12/12
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the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium in a matter of minutes and will bring you a statement on the fiscal cliff live. "piles of money" is on the way. ♪ adam: we've got a live picture for you of the white house briefing room. president obama is going to make comments about the fiscal cliff at 4: -- 5 len 45 eastern, we'll take them live on the fox business network. >>> auto industry is heading toward the best year since 2007, great news for sure but the fiscal cliff, believe it or not threatens to run the them off the road. heres we details, lauren fix. crew tells me they will give me
the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium...
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Jan 1, 2013
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the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it back to the senate. meantime, house democrats are demanding a straight up-or-down vote on what came over from the senate. the late-breaking developments leaving the automatic spending cuts and tax increases tied to the fiscal cliff still in play right now. in a desperate race against a different clock, we have another free-flowing, fluid situation tonight. likely a lot of breaking news from capitol hill. we begin with fox team coverage. chief washington correspondent ed henry looks at the president's next move. chief congre
the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it...
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Dec 31, 2012
12/12
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if we do go over the fiscal cliff? >> we will talk temperatures and the chance for precipitation when we come back. >> letter of volume on the area roads but we have one problem roads but we have one problem along liberty >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i'm stan stovall. >> and i'm mindy basara. thanks for joining us for 11 news today. happy new year's eve. >> that brings us to our water cooler question of the day. what are you looking forward to in 2013? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. ?> how will the weather looke >> we have seen colder years eves.orecanew year's >> people will have to wear a jacket. 29 degrees at the airport. we have mostly cloudy skies. the wind out of the west about 5 miles per hour. it feels so much better because we have less wind. highs in the low 40's today. a slight chance for some rain or snow tonight
if we do go over the fiscal cliff? >> we will talk temperatures and the chance for precipitation when we come back. >> letter of volume on the area roads but we have one problem roads but we have one problem along liberty >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i'm stan stovall. >> and i'm mindy basara. thanks for joining us for 11 news today. happy new year's eve....
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Dec 28, 2012
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cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that what happens here in washington, is that nothing really happens until they're really up against the deadline. that's why i'm also told by some democrats who really know what the process is going to be, if there is one, that they don't even see this potentially happening, if there is any kind of legislation that goes before december 31st, until probably that day, december 31st, because the pressure will have to be on to get enough republicans in the house and the senate, to pass this. >> right up to the edge. thank you, dana. thank you, jessica. now, right now, the most likely deal on the table see
cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that...
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Dec 29, 2012
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remember, the economy was going off a cliff. a real cliff. and not a symbolic fiscal cliff. i mean, but it was a real economic cliff, over which we had no control at all. he took the reins and prevented another great depression. we had a very, very deep recession and we are still in the gravitational pull of that deep recession, but a lot of conservative republicans, many of whom had been elected in 2010, they looked at what president obama had done with regard to the stimulus package, and everything else, and they said, this is simply too much government. we hate government, we don't want government. and we were elected on a very ideological platform of shrinking the federal government. of kind of an anti-government obsession, of the sort that we haven't seen in this country in decades. >> all right. well, we're looking for the isaac newton to free us from that gravitational pull of these republican ideologues. robert reich, thank you so very much. and our sincere apologies to amanda turco of "the huffington post," who was unable to join us due to technical difficulties bey
remember, the economy was going off a cliff. a real cliff. and not a symbolic fiscal cliff. i mean, but it was a real economic cliff, over which we had no control at all. he took the reins and prevented another great depression. we had a very, very deep recession and we are still in the gravitational pull of that deep recession, but a lot of conservative republicans, many of whom had been elected in 2010, they looked at what president obama had done with regard to the stimulus package, and...
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Dec 31, 2012
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only 13 hours before the nation plunges over the fiscal cliff. >> while the fiscal cliff is in limbo, the dairy cliff has been averted. there is some good news. allen joins us from bloomberg headquarters in new york. >> hello. that is what we are all watching. stock futures are pointing to a little change here at the open. of course, one of the concerns of the cliff has to do with milk prices. you may have heard that they were set to rise to $6 or $8. one thing lawmakers are trying to do is to avoid us going over the dairy cliff. the senate agriculture committee chairs, with a draft bill that would extend the farm bill. tim vilsack -- tom vilsack yesterday warned that without a new farm bill, consumers would pay the price. let's talk about colleges. they are under pressure to be more affordable. "the wall street journal" says 24 have frozen tuition. that includes roger williams and others. you have cut tuition including seton hall university. -- you have cut tuition, including seton hall university. apple may be working on at the iwatch. i have more coming up on that in the next hour.
only 13 hours before the nation plunges over the fiscal cliff. >> while the fiscal cliff is in limbo, the dairy cliff has been averted. there is some good news. allen joins us from bloomberg headquarters in new york. >> hello. that is what we are all watching. stock futures are pointing to a little change here at the open. of course, one of the concerns of the cliff has to do with milk prices. you may have heard that they were set to rise to $6 or $8. one thing lawmakers are trying...
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. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us. one final desperate attempt to dodge the fiscal cliff, just four days left before we go over the edge triggers tax hikes, spending cuts that could send the nation back into recession. the president calling for members of the congress the back. a gang of six attending. vice president biden, harry reid, house minority leader nancy pelosi, mitch mcconnell and john boehner representing the republicans. brianna keilar is live from washington. is anybody optimistic that a deal could be done today around a table? >> i will tell you the optimism is sort of sinking. senate majority le
. >>> crunch time for the fiscal cliff. the key players to meet at the white house with just four days left until the deadline. >> they called him stormin norman. america remembering general norman schwarzkopf. >> and have gun, will teach. hundreds of educators get a hands-on lesson in firearms. controversial proposal. good morning. welcome to "early start." 5:00 a.m. in the east. >>> it is the last friday of 2012. i've just had that pointed out to us....
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Dec 28, 2012
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the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium in a matter of minutes and will bring you a statement on the fiscal cliff live. "piles of money" is on the way. ♪ she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all yo
the fiscal cliff could throw all its gains next year. the lauren fix, known as the car coach is here to explain why and one of my favorite topics, cars. do you think lauren can name this beautiful automobile? we'll giver her a test. what kind of car is that and test her automobile chops next. and test her's as well. is now the time to put your house on the market. top real estate expert says, yes. she is here with details. we'll challenger. we awaiting president obama. he will take the podium...
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why would the fiscal cliff negotiations push mortgage rates down? i thought that was the federal reserve and all the money they're pumping into this economy? >> well, if they do not come to same kind of a conclusion and get us over this cliff the rates will stay down because people need to borrow. i read a thing today that said it is lower, your payment is lower to purchase a home today for $275,000 with 5% down, than it was in 1987 purchasing a home for $170,000. adam:bout are you seeing a correlation between the fiscal cliff and the chaos we've been reporting on for several months and the drop in mortgage rates? different than the way the federal reserve drives down interest rates? >> well they're going to keep the mortgage rates low as an incentive for buyer, period. but we'll see them tick up a little bit towards the middle and end of 2013 because they have to be able to let people boow again. borrowing requirements are so tough right now, there are a lot of people that can't borrow. rates will tick up a little bit and requirements will go down
why would the fiscal cliff negotiations push mortgage rates down? i thought that was the federal reserve and all the money they're pumping into this economy? >> well, if they do not come to same kind of a conclusion and get us over this cliff the rates will stay down because people need to borrow. i read a thing today that said it is lower, your payment is lower to purchase a home today for $275,000 with 5% down, than it was in 1987 purchasing a home for $170,000. adam:bout are you seeing...
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Dec 31, 2012
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now, presumably that means the potential of a fiscal cliff vote. they want to keep members at least in the physical proximity of the capitol building here on new year's eve tonight just in case they might vote. earlier today we saw a big tone change after the president of the united states came out and talked in front of a group of middle class americans. senator john mccain did not react positively to those comments. take a listen to what john mccain had to say earlier today. >> i'm not sure yet as i sort out my impressions of the president's remarks as to whether to be angry or to be saddened. i guess i have to wonder, and i think the american people have to wonder, whether the president really wants this issue resolved or is it to his short-term political benefit for us to go over the cliff? >> so, bill, a lot of raw feelings here on capitol hill. a lot of people frustrated by what's going on and the possibility of being here late on new year's eve. >> indeed. eamon, thanks. if the deal we're hearing about makes it out of the senate, will the ho
now, presumably that means the potential of a fiscal cliff vote. they want to keep members at least in the physical proximity of the capitol building here on new year's eve tonight just in case they might vote. earlier today we saw a big tone change after the president of the united states came out and talked in front of a group of middle class americans. senator john mccain did not react positively to those comments. take a listen to what john mccain had to say earlier today. >> i'm not...
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we hear that even though it is called the fiscal cliff or it is nicknamed the fiscal cliff that the effects won't be felt immediately. technically we're already there but i wonder how long, is there any sense on capitol hill when effect will start being felt by the american public? >> well we got guidance from the irs last evening and they're basically telling businesses they don't have to begin withholding at current tax rates, which are tax rates we haven't seen since the year 2000, clinton era tax rates until february 15th. in that respect you do have a little bit of time to work things out. but on top of that you also got the debt ceiling coming. there are only $200 billion worth of spending room left according to the treasury department. so all of these issues are coming into play here. there are a number of lawmakers who want to get this out of the way. they don't want to be responsible for a major tax hike which already has happened. they want to get this done and move on. there are still republicans who say you have to have spending cuts in this deal. we're not tired of not having e
we hear that even though it is called the fiscal cliff or it is nicknamed the fiscal cliff that the effects won't be felt immediately. technically we're already there but i wonder how long, is there any sense on capitol hill when effect will start being felt by the american public? >> well we got guidance from the irs last evening and they're basically telling businesses they don't have to begin withholding at current tax rates, which are tax rates we haven't seen since the year 2000,...
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Dec 30, 2012
12/12
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the clock is ticking, literally, to the fiscal cliff. and as others have noted today, we have known about this cliff for 500 days. this is the world's most anticipatable political and economic problem. congress set this time bomb, now they are scrambling to defuse it before it goes off and threatens to take our economic recovery as a country and kick us back into recession. the fact this is happening in last-minute negotiations and great knew as dana bash reported that joe biden and mitch mcconnell seem to be backchanneling and got a constructive relationship in the past, this is great but this is all being done piecemeal and that fact shouldn't give anybody a great deal of confidence it is pathetic we are here at this hour facing the fiscal cliff. >> that's the point i wanted to raise with you. you obviously have followed congress. you know how all this inside trading works, so to speak. does it feel like the wheels are coming off that we are now off the script, that this is totally in territory we had not anticipated we would be at? >>
the clock is ticking, literally, to the fiscal cliff. and as others have noted today, we have known about this cliff for 500 days. this is the world's most anticipatable political and economic problem. congress set this time bomb, now they are scrambling to defuse it before it goes off and threatens to take our economic recovery as a country and kick us back into recession. the fact this is happening in last-minute negotiations and great knew as dana bash reported that joe biden and mitch...
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Dec 28, 2012
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this is a real issue, this fiscal cliff. liz: ceos and c f os have been looking better and so is wall street. goldman sachs the double warning that companies got to watch out for but these other companies that are heard by the fiscal cliff, a is not just defense contractors but health care companies, those are not just the guys hit by the medical device tax. other healthcare companies as well and environmental companies such as waste management and republicans industries. these are the company's that get 50% or more of their sales from government contracts. when you see spending cuts coming you can imagine they will have to be dialing back on their own capital investment. adam: we are talking about cuts right now but then we have tax hikes. people have less money immediately. some of these will play out over the next few months. people who might lose their jobs won't lose immediately but all of us have less many come january 1st to spend and as we spend less money there are a bunch of companies not on that list, retailers, t
this is a real issue, this fiscal cliff. liz: ceos and c f os have been looking better and so is wall street. goldman sachs the double warning that companies got to watch out for but these other companies that are heard by the fiscal cliff, a is not just defense contractors but health care companies, those are not just the guys hit by the medical device tax. other healthcare companies as well and environmental companies such as waste management and republicans industries. these are the...
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Dec 27, 2012
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off the fiscal cliff, this fall is really going to hurt. that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching haum, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. if by blessed y
off the fiscal cliff, this fall is really going to hurt. that's what they said. >>> up next, it used to be a favorite republican pastime, going after hillary clinton. it hasn't happened for a while, of course, but what if she does run for president? how could they resist doing it again? you're watching haum, the place for politics. when you have diabetes... your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with...
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is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republicans who are not going to be happy with any potential deal. i just spoke with tom harkin who is a democrat being from iowa. and he's also a leading progressive. he said that he and other progressives might be the ones object or to try to stop any potential deal. the reason he says he's so upset is because he does not like the idea that we have been reporting of keeping the tax cuts in place of income levels up to $450,000. he believes that's too high. the president, as we know, campaigned with a lot of democrati
is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the...
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talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements.
talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people...